A recap of notable information from the week.
Recapping the Week in DeFi
Because the DeFi and crypto house continues to evolve at a fast tempo, it is important to remain knowledgeable
in regards to the newest developments and traits. Our weekly recap supplies a concise but complete overview of essentially the most vital information and traits within the DeFi and crypto house, serving to you keep knowledgeable and up-to-date with the most recent happenings.
Donald Trump May Make Crypto a Nationwide Precedence With Government Order: Report
President-elect Donald Trump is ready to designate cryptocurrency as a nationwide precedence by an government order on January 20, per a Bloomberg report. The order will set up a crypto advisory council, integrating {industry} insights into policy-making. It additionally directs regulators to collaborate extra carefully with the crypto sector, with the council comprising executives from main corporations to strengthen government-industry communication.
Phantom Pockets Secures $150M in Funding Spherical Led by Sequoia Capital and Paradigm
Phantom Pockets has raised $150 million in a Sequence C funding spherical co-led by Sequoia Capital and Paradigm, with help from a16z crypto and Variant. The cryptocurrency pockets’s valuation surged to $3 billion, up from $1.2 billion in January 2022. The funds will drive crypto adoption and strengthen Phantom’s function in decentralized finance because it goals to develop into the world’s main shopper finance platform.
US SEC Sues Elon Musk Over Delayed Twitter Stake Disclosure
The SEC has filed a lawsuit in opposition to Tesla CEO Elon Musk, alleging a delay in disclosing his 2022 Twitter (now X Corp.) stake, violating federal securities legal guidelines. Musk reportedly missed the 10-day deadline for reporting his 5% stake, ready 11 days past the March 2022 cut-off.
Sony Broadcasts the Mainnet Launch of Soneium Blockchain
Sony has formally launched its blockchain platform, Soneium, to empower creators by cultivating direct fan engagement. Introduced on January 14, the platform gives instruments like NFT-based methods and an incubation program, Soneium Spar, to reinforce artist-fan interactions.
Jio Platforms Companions with Polygon Labs to Improve Companies for its 450M Customers
India’s largest cellular community operator, Jio Platforms Restricted (JPL), has teamed up with Polygon Labs to deliver blockchain and Web3 applied sciences to its providers. Owned by Mukesh Ambani, Jio plans to reinforce digital experiences for its 450 million customers with Polygon’s superior blockchain options.
